Daily Debrief: What Happened Today

Singapore's June NODX up 8.2% from a year ago

Singapore's non-oil domestic exports (NODX) rose by 8.2 per cent to S$14.7 billion compared to a year ago in June 2017.

86% of Singapore's public sector make changes to workforce to implement emerging technologies: Accenture report

The majority of Singapore's public sector (86 per cent) made significant structural changes to their workforce in order to implement emerging technologies, according to a new report from Accenture. This was more than double the global average of 40 per cent.

Developers' sales fall to 820 units in June from 1,039 units in May: URA

Developers sold 820 private homes, excluding executive condominium or EC units, in June 2017, fewer than the 1,039 units in May 2017 but more than the 536 units that developers moved in June 2016.

Broker's take: OKP Holdings Ltd

A "hold" call has been placed on OKP Holdings Ltd with a target price of S$0.39 by KGI Research. In a report on Monday, KGI said that the collapse of an uncompleted viaduct near the Pan-Island Expressway on July 14 is likely to hurt OKP's earnings and dividends.

SPH obtains licensing partnership for Singapore and Malaysia editions of Business Insider

Singapore Press Holdings (SPH) and Business Insider (BI), a US-based business news source, have entered into a licensing partnership to operate the Singapore (www.businessinsider.sg) and Malaysia (www.businessinsider.my) editions of BI.

YuuZoo to appoint third party to investigate claims

YuuZoo Corporation on Monday announced that it is responding to six articles published in The Business Times between May 4 and July 11.

Koda reports rise in gross profit margin after streamlining operations

In a business update announcement, design manufacturer Koda Limited said that its gross profit margin has risen to 27.7 per cent in FY2016 from 23.6 per cent in FY2014.

Lufax to launch first overseas online wealth management platform in Singapore

Lufax, the largest online wealth management platform in China, announced on Monday that it will launch Lu International in Singapore. This comes after it obtained in-principle approval for the capital markets services licence from the Monetary Authority of Singapore.

Keppel unit secures 2 technology solutions contracts for China waste-to-energy plants

Keppel Seghers Belgium NV, a wholly owned subsidiary of Keppel Infrastructure Holdings Pte Ltd, has secured two contracts to provide incineration technology and services for the Beijing Fangshan District Circular Economy Industrial Park Waste-to-Energy (WTE) plant and the Hunan Yueyang Municipal WTE plant.

Corporate Earnings

The STI Today

Singapore stocks in 3-day rally; STI gains 0.3% to 3,298.24

Singapore stocks gained for the third straight session on Monday, with the Straits Times Index (STI) adding 0.33 per cent or 10.81 points to close at 3,298.24